A
decree by a court of law that one person is indebted to another for a
specified amount. In some states, the court may place a lien against the
debtor’s real property as collateral for payment of the judgment to the
creditor.
Jumbo loan
Also
known as a nonconforming loan. The amount of the loan exceeds standards
that would make it eligible for sale to Fannie Mae and Freddie Mac.
Certain geographical areas have temporary conforming loan limits higher
than typical conforming limits. Lenders may charge additional fees and
place certain restrictions due to the large loan amounts.
Joint Liability
Liability shared by two or more parties
Joint Tenancy
A tenancy with two or more co-owners who are not spouses on the date of acquisition and have identical interests in a property with the same right of possession. A joint tenancy differs from a tenancy in common because each joint tenant has a right of survivorship to the other's share (in some states, this right must be clearly expressed in the conveyance - otherwise, the tenancy will be presumed to be a tenancy in common).
Joint and last survivor annuity
An annuity that provides periodic payments for the joint
lives of two individuals. Benefits are payable upon the death of one
individual to the surviving individual at a percentage of the original
payment amount. Death benefit amounts depend on the terms of the
contract.
JPM CEMBI Broad Diversified Index
An unmanaged index in the Corporate Emerging Market Bond
Index (CEMBI) series that measures the performance of U.S.
dollar-denominated corporate bonds issued by emerging market countries
as selected by JPMorgan.
JPM EMBI Global Diversified Index
An unmanaged index in the Emerging Market Bond Index
(EMBI) series that measures the performance of U.S. dollar-denominated
sovereign bonds issued by emerging market countries as selected by
JPMorgan.
JPM Emerging Markets Bond Index (EMBI)
An unmanaged index that reflects the total returns of
U.S. dollar-denominated sovereign bonds issued by emerging market
countries as selected by JPMorgan.
JPM GBI Global Index (Unhedged)
An unmanaged, market capitalization-weighted index in the
Government Bond Index (GBI) series that measures the local market
performance of fixed-rate government bonds issued by high-income
countries as selected by JPMorgan; the index is not hedged to the U.S.
dollar.
JPM GBI-EM Global Diversified Index
An unmanaged index in the Government Bond Index-Emerging
Markets (GBI-EM) series that measures the local market performance of
U.S. dollar-denominated sovereign bonds issued by emerging market
countries as selected by JPMorgan.
Judgement Lien
A lien imposed on a judgement debtor's nonexempt property. This lien gives the judgement creditor the right to attach the judgement to debtor's property.
Jumbo Mortgage
A mortgage loan in a principal amount that exceeds the dollar limits for a government guarantee.
Junior Mortgage
A Mortgage that is subordinate to another mortgage on the same property.